Strong Christmas Eve and Clearance Sales Boost Profits
- 4.5% year-on-year uplift in total sales for John Lewis
- Strong sales on Christmas Eve and clearance
- Electrical and home technology sales up by 3.1%
- Fashion sales up 10.7% with women’s cashmere up 10%
- Women’s accessories up 21.5%
- Beauty, wellbeing and leisure category up 25.3%
- Total sales increase of 1.8% for the week to 15 December
Department store chain John Lewis has reported a 4.5% year-on-year increase in total sales for the week ending 29 December, thanks to strong sales on Christmas Eve and a confident start to clearance sales both online and in shops. Electrical and home technology sales were up by 3.1%, while fashion sales saw a significant rise of 10.7% with women’s cashmere experiencing a 10% increase and women’s accessories up by 21.5%. The beauty, wellbeing, and leisure category also performed well, increasing by 25.3%. This comes after the retailer reported a 99% profit fall in September, describing the market as ‘the most promotional we’ve seen in almost a decade.’
Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about John Lewis’ sales performance, including specific categories and time periods. It presents factual data without any digressions or personal opinions.
Noise Level: 3
Noise Justification: The article provides relevant and accurate information about John Lewis’ sales performance during the specified period. It highlights specific categories that performed well and compares them to previous years. However, it lacks analysis or exploration of broader trends or consequences, and does not offer actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: John Lewis’s sales impact the retail sector and can affect stock prices of related companies.
Financial Rating Justification: The article discusses financial data (sales figures) from a major retailer, which is relevant to finance. Additionally, changes in sales can have an impact on the company’s stock price and the overall retail market.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.
www.retailsector.co.uk